A New York federal judge on Monday held Argentina in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated, calling such plans illegal.
The Tenth Circuit on Monday affirmed the jury verdict supporting a $1.06 billion judgment against Dow Chemical Corp. in a customer class action accusing the company of fixing prices on polyurethanes, finding that plenty of evidence supported the damages and that a Kansas federal court properly certified the class.
Flagstar Bank FSB has agreed to pay $37.5 million to settle allegations that it prevented borrowers from accessing foreclosure relief and modifying their mortgage loans, the U.S. Consumer Financial Protection Bureau said on Monday.
The Supreme Court on Monday revoked its granting of cert in a dispute over whether a tolling provision should apply to certain securities suits, just days after the litigants said a settlement in the underlying class action wouldn’t impact the appeal.
The number of deaths linked to the sprawling General Motors Co. ignition defect has now increased to 23, according to claims details released Monday by Kenneth Feinberg, the lawyer overseeing a settlement program to compensate crash victims.
The European Commission is expected to soon explain why it believes certain tax rulings granted to Apple Inc., Fiat SpA and Starbucks Corp. in Ireland and Luxembourg violated European Union state aid law and warrant current EU investigations into the companies' tax dealings, according to a Monday news report.